Cheniere Energy (NYSE:LNG) PT Lowered to $206.00 at UBS Group

Cheniere Energy (NYSE:LNG) had its target price lowered by UBS Group from $223.00 to $206.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the energy company’s stock.

Several other research firms have also recently issued reports on LNG. StockNews.com cut shares of Cheniere Energy from a buy rating to a hold rating in a research report on Monday, April 8th. Barclays lifted their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an overweight rating in a research report on Wednesday, January 17th. TD Cowen reduced their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an outperform rating on the stock in a research report on Tuesday, February 27th. Finally, Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a neutral rating and a $162.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy presently has an average rating of Moderate Buy and an average price target of $193.90.

Cheniere Energy Trading Down 0.1 %

NYSE LNG opened at $159.14 on Wednesday. Cheniere Energy has a 12 month low of $135.30 and a 12 month high of $183.46. The company has a market cap of $36.71 billion, a PE ratio of 3.93 and a beta of 0.94. The business’s 50 day moving average price is $157.96. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the business earned $15.78 EPS. The firm’s revenue was down 46.9% compared to the same quarter last year. Sell-side analysts forecast that Cheniere Energy will post 8.39 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be issued a $0.435 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 annualized dividend and a dividend yield of 1.09%. Cheniere Energy’s payout ratio is currently 4.30%.

Institutional Trading of Cheniere Energy

Several institutional investors and hedge funds have recently made changes to their positions in LNG. Farmers & Merchants Investments Inc. raised its holdings in Cheniere Energy by 21.1% in the third quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock worth $57,000 after purchasing an additional 60 shares in the last quarter. Mutual Advisors LLC raised its holdings in Cheniere Energy by 1.0% in the third quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock worth $1,033,000 after purchasing an additional 64 shares in the last quarter. Xcel Wealth Management LLC raised its holdings in Cheniere Energy by 3.4% in the fourth quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock worth $335,000 after purchasing an additional 65 shares in the last quarter. Keene & Associates Inc. raised its holdings in Cheniere Energy by 3.8% in the first quarter. Keene & Associates Inc. now owns 1,798 shares of the energy company’s stock worth $290,000 after purchasing an additional 65 shares in the last quarter. Finally, Winch Advisory Services LLC raised its holdings in Cheniere Energy by 11.4% in the third quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock worth $107,000 after purchasing an additional 66 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

About Cheniere Energy

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.